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Meliá (MEL.mc) bearish scenario:The technical figure Triangle can be found in the daily chart in the Spanish company Meliá Hotels International, S.A. (MEL.mc). Meliá Hotels International, S.A. is a Spanish hotel chain. The company is one of Spain's largest domestic operators of holiday resorts and the 17th biggest hotel chain worldwide. Domestically in Spain the company is the market leader in both resort and urban hotels. Currently, the hotel chain operates 374 hotels in 40 countries on 4 continents under the brands Meliá, Gran Meliá, ME by Meliá, Paradisus, Innside by Meliá, TRYP by Wyndham, Sol Hotels and Club Meliá. The Triangle broke through the support line on 21/02/2023. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 12 days towards 5.545 EUR. According to experts, your stop-loss order should be placed at 6.200 EUR if you decide to enter this position. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BME:MELShort
by legacyFXofficial
$CARV: The S in ESG & “Transitory Inflation”Environmental, social and governance (ESG) integration is Blackrock’s practice of incorporating ESG information into decisions to help enhance risk-adjusted returns and I believe this 20 level here represents something significant. Following this ESG thesis one could expect a stock to rank highly in the social category, however, it doesn’t come without some significant risks and those risks may be why we find ourselves underneath this highly liquid area. Those risks come from inflation and crypto. If these macro inflation or crypto trends continue to play out this could mean the Fed has lost control of inflation which then will lead to the $DXY index rejecting 95 in a meaningful way. These forces could be devastating for Carver’s value as their customers lose purchasing power. However, if the Fed moves on with raising rates and the dollar rises back through the aforementioned 95 level, this could lead to tremendous benefits out of Washington in the future. In short, watch the 20 level in CARV and $DXY 95 over the following weeks / months to see which way the market will decide to push this stock
NASDAQ:CARV
by Fox_Technicals